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Monefit Estonia
Estonia
Monefit Estonia OÜ lends revolving credit lines to people in Estonia. Mintos investors lend it money and earn interest. Our memo scores it 50 out of 100, a C, and puts the chance it fails to pay within a year at about 6%.
Dati principali
- Tasso medio
- 11.63%
- media, non garantita
- Portafoglio prestiti
- €7,658,160
- Inizia da
- €50
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Analisi IA
IALender memo · Monefit Estonia · Estonia
Monefit Estonia: how likely is it to fail to pay its lenders?
Monefit Estonia OÜ lends revolving credit lines of €150 to €15,000 to people in Estonia, at rates from 0% to 43.2% over terms of eighteen to a hundred and four months. It has been licensed by Estonia's Financial Supervision Authority since March 2016. It has no staff of its own: the work is done by its parent, Creditstar International OÜ, which owns all of it. Mintos lists it as Monefit Estonia. This memo asks one question: what is the chance it fails to pay its lenders back in the next 12 months, and why.
THIS IS NOT FINANCIAL ADVICE. This memo was prepared with the help of AI from publicly available documents. It is general information for education only — not a recommendation to buy, sell or hold anything, and it does not take account of your circumstances. Figures may contain errors; check them against the original documents. Investing through P2P platforms can result in the loss of all money invested.
Our score
50/ 100
C Watch
ABCDE
about 6%chance it fails to pay in the next 12 months
1 in 17the same number, put the other way round
Where that sits on our scale
On our scale a C grade carries a portfolio limit of 6%. Estonia is a B country and would allow 25%, so it is this company's own 6% that binds, and it sits inside whatever room the Creditstar group as a whole is given. These caps are a convention of our scale, applied to every lender we cover. They are not advice about your money.
Clean audited accounts — and a parent that takes almost all the profit and lends it almost nine-tenths of its money
The lending itself works. In 2025 this company earned €20.6m of income and made €9.27m before a charge it pays its parent. After the charge it kept €46,000. Of every €100 of income, €43.11 went in interest to its own lenders and €44.84 went to the parent, leaving 22 cents. Every line reconciles exactly to the audited profit, so the arithmetic is not in question. What it is doing is a choice about where the profit goes.
The second fact is the one to hold on to. Of the €71.9m this company has borrowed, €63.9m is a single unsecured loan from its parent at 16%, repayable within twelve months — almost nine-tenths of everything it has borrowed. Money lent through Mintos is about a ninth. In an insolvency the parent's claim would not stand behind yours — it would share the assets with you.
It sits exactly on the C/D line. We mark six things out of five. Move any single one of the six down by one point and the score falls below 50 and the grade becomes D. Nothing here has any margin.
Six things would stop us scoring at all and send the answer straight to E — a default, a missed payment to a platform, a regulator pulling a licence, an auditor doubting the company can continue, a broken promise to a lender, or accounts we cannot rely on. None applies here, on the position today. One of them needs explaining, and section 5 does it: in 2022 and 2023 Creditstar companies fell behind on payments to Mintos investors, and the rescheduled money was moved to Mintos's "In Recovery" status. We could not confirm whether this company's own notes were among them. Our test asks about the position today, and today there is no delay. Two things would pull the answer the other way, a guarantee from a stronger owner or a credit rating. Neither applies here.
💶Financial strengthD
Keeps 22 cents of every €100 after the charge to its parent. €8.13m of owners' money, 10.2% of what it owns, down from 13.5% as the book grew.
📉Loan bookD
Bad debts cost 2.0% of the book in 2025, which is low. But no arrears and no ageing are published, so the figure cannot be checked against anything.
🇪🇪Country: EstoniaB
The euro, so no currency risk. Top-ten courts and clean government. Its highest rate, 43.2%, sits just under a ceiling of about 45% that moves on its own.
⚖️Group and other risksB
A clean KPMG audit and nothing paid out to owners. But the group's main covenant has about €2m of room, and a sister company was given a supervisory order in 2024.
Almost nine-tenths of its borrowing comes from its parent, and ranks alongside you. €63.9m of the €71.9m borrowed is owed to Creditstar International OÜ at 16%, unsecured, due within twelve months. Mintos showed €7.7m outstanding when we read it on 5 November 2026. The parent's loan is not subordinated: if this company failed, that €63.9m claim would share the assets with the people who lent through Mintos. The audited notes say the parent "has confirmed" it will extend the loan again at maturity, which is a statement in writing about the parent's own loan — not a promise to you.
The group's main covenant has about €2m of room. Creditstar Group AS must keep net debt at or below five times equity. At the end of 2025 it stood at 4.86. About €2.0m of losses, or about €11.9m of extra net borrowing without new equity, would breach it, and bondholders could then demand early repayment. This company depends on the group for almost nine-tenths of its funding.
A sister company was given a supervisory order over how it checks borrowers. On 27 September 2024 Estonia's Financial Supervision Authority published that it had issued a precept to Creditstar Estonia AS, finding that its internal rules for assessing whether consumers could afford credit did not fully meet the law, along with shortcomings in how it applied them. It names Creditstar Estonia AS and not this company, and it is an order to put things right rather than a licence being taken away. We include it because this company has no staff of its own and the lending work is done inside the group.
Why this number matters
Every investment carries risk, and risk is not really a letter or a mark out of ten. It is two plain questions: how likely is it that this company fails, and how much of your money would you lose if it did. Put those together and you can see whether the reward is worth it.
For Monefit Estonia: about a 6% chance of failing in the next 12 months. If we assume about 30% of the money comes back in that case, the risk costs roughly 4.2% a year. Mintos's own figure for the average rate on these notes, read on 5 November 2026, is 11.63%. On those two numbers about 7.4 points a year are left after paying for the risk, which is the most favourable comparison in any memo we have written so far. Both numbers carry caveats, and they are in section 1 and section 4 rather than hidden here.
Show how this works
1. The rate is a promise, not a result
An advertised 10% is what you are promised if everything goes well. What you keep is that rate minus what failures cost you. So the rate on its own tells you very little.
2. Put a price on the risk
Risk cost = chance of failing × share of your money you would not get back. Nobody knows the second number in advance. How much comes back has varied widely from case to case. We use 30% back, 70% lost, as our own working assumption so that memos can be compared with each other — it is not a measured figure, and the answer moves a lot if you choose differently.
3. Compare like for like
Take two imaginary lenders. One pays 14% but has a 17% chance of failing within the year: the risk costs about 11.9% a year, leaving roughly 2%. The other pays 9% with a 2.5% chance: the risk costs about 1.8%, leaving about 7%. The lower rate is the better deal. That is the whole idea.
The company at a glance
What it is
A licensed Estonian creditorLicence 4.1-1/36 of 16 March 2016 to grant consumer credit, and a mortgage-credit licence added on 8 July 2019. Both are on the regulator's own register, which we read on 12 October 2026 and which records no supervisory measure against this company. It takes no deposits.
Who owns it
Creditstar International OÜWholly owned. The same company is its lender and its service provider: Monefit Estonia has no staff of its own.
What it sells
Revolving credit lines€150 to €15,000 to people in Estonia, 0% to 43.2%, over eighteen to a hundred and four months.
How big it is
€85.1m gross loan bookUp 32% in 2025. Income €20.6m. Owners' money €8.13m.
On Mintos
€7.7m outstandingRead on 5 November 2026, with an average rate of 11.63% and a Mintos Risk Score of 6.4, as Mintos last updated it on 9 October 2026. The buyback is owed by this company; we found no group guarantee behind it. Platform figures are Mintos's own.
Also funded elsewhere
Lendermarket tooLendermarket tells its investors the group stands behind their notes. Monefit SmartSaver money is raised by other group companies and reaches this one as a loan.
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